updated 11:17 pm EDT, Tue March 18, 2014

Vimeo acquires video recording, editing and sharing app Cameo

Vimeo has announced today that it has acquired video shooting, editing and sharing video iPhone app Cameo. Offering a two-minute maximum sequence length, Cameo differs from short-form video apps such as Vine and Instagram. Users can change the order of the clips, add music and invite friends to contribute with their own footage. Themes build on a traditional filter with caption font, color tweaks and effects. The terms of Vimeo's deal with Cameo has not been disclosed, however it has been stated that the app will not be shut down at present.

As was rumored last week, Sony revealed its new virtual reality device for PlayStation 4 at the Game Developers Conference today. Codenamed 'Project Morpheus', the headset aims to "deliver a sense of presence, where you as the player actually feel like you're inside the game and your emotions feel that much more real," according to Shuhei Yoshida, the head of PlayStation's software division.

The current prototype for Project Morpheus includes a head-mounted display with a 1080p resolution, and a 90-degree field of view. Featuring 3D audio technology, the headset will provide stereoscopic sounds in all directions, in real time. Though a work-in-progress, Project Morpheus is demonstrating its capabilities at GDC with The Deep, The Castle, EVE Valkyrie and Thief.